Bitcoin
Bitcoin (BTC)
$104,741.00 0.72703
Bitcoin price
Ethereum
Ethereum (ETH)
$2,536.24 0.53201
Ethereum price
BNB
BNB (BNB)
$658.88 0.46051
BNB price
Solana
Solana (SOL)
$157.10 0.44591
Solana price
XRP
XRP (XRP)
$2.18 1.7707
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 0.66478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 0.0137
Pepe price
Bonk
Bonk (BONK)
$0.0000166 1.20063
Bonk price
dogwifhat
dogwifhat (WIF)
$0.851333 -4.99005
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36322 2.83132
Popcat price
Bitcoin
Bitcoin (BTC)
$104,741.00 0.72703
Bitcoin price
Ethereum
Ethereum (ETH)
$2,536.24 0.53201
Ethereum price
BNB
BNB (BNB)
$658.88 0.46051
BNB price
Solana
Solana (SOL)
$157.10 0.44591
Solana price
XRP
XRP (XRP)
$2.18 1.7707
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 0.66478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 0.0137
Pepe price
Bonk
Bonk (BONK)
$0.0000166 1.20063
Bonk price
dogwifhat
dogwifhat (WIF)
$0.851333 -4.99005
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36322 2.83132
Popcat price
Bitcoin
Bitcoin (BTC)
$104,741.00 0.72703
Bitcoin price
Ethereum
Ethereum (ETH)
$2,536.24 0.53201
Ethereum price
BNB
BNB (BNB)
$658.88 0.46051
BNB price
Solana
Solana (SOL)
$157.10 0.44591
Solana price
XRP
XRP (XRP)
$2.18 1.7707
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 0.66478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 0.0137
Pepe price
Bonk
Bonk (BONK)
$0.0000166 1.20063
Bonk price
dogwifhat
dogwifhat (WIF)
$0.851333 -4.99005
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36322 2.83132
Popcat price
Bitcoin
Bitcoin (BTC)
$104,741.00 0.72703
Bitcoin price
Ethereum
Ethereum (ETH)
$2,536.24 0.53201
Ethereum price
BNB
BNB (BNB)
$658.88 0.46051
BNB price
Solana
Solana (SOL)
$157.10 0.44591
Solana price
XRP
XRP (XRP)
$2.18 1.7707
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 0.66478
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 0.0137
Pepe price
Bonk
Bonk (BONK)
$0.0000166 1.20063
Bonk price
dogwifhat
dogwifhat (WIF)
$0.851333 -4.99005
dogwifhat price
Popcat
Popcat (POPCAT)
$0.36322 2.83132
Popcat price

Aave DAO to consider security patches after Nov. 4 market freeze

Brian Stone
Edited by
News
Aave DAO to consider security patches after Nov. 4 market freeze

A coalition of Aave contributors and web3 developers put forth a proposal to address vulnerabilities discovered in two versions of defi’s largest lending protocol which prompted a halt on select markets.

The proposal from BGD Labs suggested changes to Aave’s v2 deployment on Ethereum and Aave v3 on Arbitrum, Avalanche, Optimism, and Polygon blockchains. If backed by the protocol’s community, the proposal would implement updates for stable borrow paraments set for tokens with stable debt.

Furthermore, Aave would shutter minting new stable debt tokens to provide additional security to its defi lending service. Voting is scheduled to open for members of Aave DAO on Nov. 7 by 10:35 p.m. UTC and close on Nov. 10.

The proposed changes came in response to an attack vector discovered by white hat actors on Nov. 4. Aave promptly took measures to curtail the issue and alerted the community, adding that funds were safe from risk.

Part of the guardrails employed to mitigate any possible losses included pausing, freezing, and disabling stable borrowing on the affected assets.

https://twitter.com/lemiscate/status/1720872060111540708

Aave is the most liquid decentralized lender with over $5.5 billion in total value locked per DefiLlama data. Back in July 2023, the protocol launched its algorithmic stablecoin GHO touted as a competitor to Maker’s DAI token. 

The Aave DAO also voiced high expectations for revenue during H2 2023 following a significant bump in the price of AAVE, the protocol’s native token.